ADVISORMAIL PREPARES FINANCIAL SERVICES FIRMS FOR SEC'S NEW BOOKS & RECORDS RULES
April 29, 2003
TORRANCE, Calif., April 29, 2003 - LiveOffice Corporation, a leading provider of web-based products for financial services professionals
nationwide, is joining forces with financial services firms across the country to help prepare them for the SEC's new Books & Records
rules pertaining to the archival of email communications that go into effect on May 2, 2003.
Unlike other email retention systems, LiveOffice's AdvisorMail is designed specifically for the financial services industry and enables
compliance departments to electronically monitor, retain and archive thousands of emails in a single and secure location. Ensuring
that these firms meet the regulatory requirements of SEC Rules 17a-3, 17a-4 and NASD rule 3010(d), AdvisorMail monitors all email
communications, including attachments, and allows for easy retrieval of specific emails during audits, investigations or litigation.
Since it is a web-based technology, AdvisorMail requires no upfront investment in hardware, software or connectivity, greatly reducing
costs and implementation time.
AdvisorMail's key capabilities, include:
- Fulfills all SEC/NASD/NYSE requirements for email surveillance, archival and retrieval
- Requires no capital investment in hardware, software or connectivity
- Supports multiple email domains and configurations
- Monitors and archives all incoming and outgoing email communications
- Expedites setup with eSupervisor, LiveOffice's proprietary word and phrase lexicon
- Enables simple and fast online retrieval of any email
"In hosting more than 30,000 email accounts for financial professionals nationwide, we understand the critical role email plays in client communications," said Ann Davis, director of business development for LiveOffice Corp. "To that end, AdvisorMail helps busy and cost-conscious compliance departments meet stringent regulatory requirements without disrupting advisors' workflow," said Davis.
About LiveOffice
LiveOffice LLC is a leading provider of email archiving, instant message archiving, anti-spam, antivirus, compliance, and eDiscovery solutions for businesses.
The company’s Managed Messaging Services ensure the integrity of emails and instant messages (IMs), simplify the discovery process, and help companies protect
themselves against the risk and expense of lost or misplaced electronic messages. LiveOffice also helps organizations comply with statutory, regulatory,
legal and industry-specific mandates.
Founded in 1998, LiveOffice serves a premier roster of clients including Fortune 500 companies and processes and protects millions of messages each day. For more
information, visit www.liveoffice.com.